FaceBank Group has announced that its Board of Directors has appointed Edgar Bronfman Jr to the Board of Directors and has named him Executive Chairman effective immediately.
As Executive Chairman of the Board, Bronfman will help advise on the strategic direction of fuboTV – the live US TV streaming platform. fuboTV intends to uplist to a major stock exchange in the coming months. Bronfman is both a direct investor as well as an investor in fuboTV through Waverley Capital, a venture capital group he co-founded with Daniel Leff in 2017 to focus on the opportunities presented by disruption in the media industry.
“Edgar was an early champion of fuboTV and I am thrilled he has agreed to this increased role with the company,” said David Gandler, co-founder and CEO, fuboTV. “As we expand through organic growth and opportunistic acquisition, Edgar’s strategic guidance will be invaluable.”
“Edgar’s unparalleled expertise and prominence in the media industry combined with his track record of prescient moves in the digital media space make him the perfect choice to lead fuboTV’s Board,” said John Textor, co-founder and former CEO, FaceBank Group.
“I believe fuboTV has a great future,” said Bronfman. “I look forward to working with David to build on the tremendous success fuboTV has already achieved as the opportunities for OTT networks continue to expand and accelerate.”
Bronfman is also a Managing Partner at Accretive, a firm that specialises in creating companies to solve important problems in large industries, and Executive Chairman of Global Thermostat, a pioneering company designed to develop and commercialise a technology for the direct capture of carbon dioxide from the atmosphere and other sources. He is also the former Chairman and CEO of Warner Music, one of the world’s largest music companies.
Since its founding in 2015 as a soccer streaming service, fuboTV has evolved into a live TV streaming platform.